Uniswap has successfully burned 100 million UNI tokens following a governance vote that saw 99.9% approval. This significant reduction in supply, amounting to 1.5%, has led to a 19% surge in UNI's price and a 52% increase in trading volume. The burn has decreased the treasury's value from $2.1 billion to $1.6 billion. The protocol has introduced a mechanism where fees will fund annual token burns, potentially removing up to 10 million UNI tokens each year. This strategic move is expected to continue impacting UNI's market dynamics positively, making it a key altcoin to watch as supply reductions progress.